The board is recommending to the states three-member board of trustees that each firm provide six investment products for the new plan which will be offered to the states 600,000 public employees. The recommendations face final approval tomorrow by the systems board of trustees, according to Lee Baldwin, a State Board of Administration spokeswoman.

Other firms that made it to the final round of negotiations for Floridas defined contribution pension plan included ING-Aetna and VALIC. Both firms were passed over for issues relating to performance, cost and education support, according to a report issued by the board.